Anglo American plc Interim Management Statement Production Report for the first quarter ended 31 March 2011
21 April, 2011
Anglo American plc Interim management statement production Report for the first quarter ended 31 March 2011.
Overview
- Platinum refined production increased by 19% to 532,900 ounces, while equivalent refined production decreased by 5%
- Nickel(1) production increased by 27% to 6,100 tonnes
- Copper production decreased by 14% to 138,800 tonnes, mainly due to abnormally high rainfall and expected lower grades at Collahuasi, and scheduled maintenance and expected lower grades at Los Bronces
- Full year production expected to be marginally higher than 2010, based on the commissioning of the Los Bronces expansion project in Q4
- Thermal coal production from South Africa and Colombia increased by 2% to 16.0 million tonnes
- Metallurgical coal production from the Australian operations decreased by 37% to 2.1 million tonnes, due to severe flooding in Queensland
- Iron ore production decreased by 19% to 9.9 million tonnes mainly due to mining constraints caused by wet pit conditions, resulting from excessive rainfall at all of Kumba's operations
- Diamond production increased by 5% to 7.4 million carats
- Barro Alto nickel project produced first metal on schedule in March 2011
- 41,000 tpa average over first five years of full production
- Los Bronces expansion project on track to deliver first production in Q4 2011
- Increased production to average 400 ktpa over first 10 years (490 ktpa over first three years)
- Minas-Rio iron ore project commenced civil works for the beneficiation plant
- 26.5 Mtpa production, with first ore on ship expected in second half of 2013
- Sales of Lisheen and Black Mountain Mining zinc interests completed in February 2011
- Announcement to combine UK businesses of Tarmac and Lafarge to create a leading UK construction materials company
Interim Results for the half year to 30 June 2011 will be announced on 29 July 2011. This report forms Anglo American plc's Interim Management Statement for the purpose of the UK Listing Authority's Disclosure and Transparency Rules.
(1) Nickel production from the Nickel business unit